While many assets in the cryptocurrency sector are experiencing a decline in price, especially XRP A downward trend is observed for . However, machine learning (AI) algorithms predict a recovery is expected by the end of February.
In this context, according to data and artificial intelligence prediction, the price of XRP may rise throughout February and reach $0.5436 on February 29, 2024.
If the above prediction comes true, crypto- This means that the sixth-largest asset in its sector will be trading at a price 7.64% higher than it is currently by market cap.
XRP Price Analysis
Koinfinans.com As we reported, XRP is trading at $0.505 at the time of writing. This marks a decline of 5.41% in the last 24 hours, on top of a loss of 2.53% in the previous seven days and a decline of 18.45% in the past month, as the latest charts show.
According to another source, monthly technical analysis indicators on finance and crypto tracking platform TradingView do not show as much of a rise in XRP as machine algorithms predicted. One of the 8 indicators suggests a ‘sell’ recommendation, summarized by the moving averages giving a ‘neutral’ signal and the oscillators being in the ‘sell’ zone at 7.
As a result, Ripple has been at the center of a long-running court battle with the United States Securities and Exchange Commission (SEC). altcoin, especially as the blockchain company appears poised to join the exchange-traded fund (ETF) space. It is possible that this situation will increase the price of the crypto asset in the near future.